IndiGo’s revenue slows as India-Pakistan tensions, Air India crash weigh

An IndiGo Airlines aircraft prepares to land as a man paddles his cycle rickshaw in Ahmedabad, India, on October 26, 2015. (REUTERS/File)
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Updated 30 July 2025
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IndiGo’s revenue slows as India-Pakistan tensions, Air India crash weigh

  • India’s largest carrier by market share reports 4.7% rise in revenue to $2.34 billion in April-June quarter
  • CEO says April attack in Indian-administered Kashmir, border clashes caused ” hundreds of cancelations”

NEW DELHI: Budget airline IndiGo posted slower first-quarter revenue growth on Wednesday, weighed down by subdued demand following border tensions between India and Pakistan and a fatal Air India crash during the quarter.

India’s largest carrier by market share reported a 4.7% rise in revenue to 204.96 billion rupees ($2.34 billion) in the April-June quarter, a sharp slowdown from the 17.3% growth logged a year ago.

“The June quarter was shaped by significant external challenges that created headwinds for the entire aviation sector,” Chief Executive Pieter Elbers said in a statement.

An April attack on civilians in Indian Kashmir, followed by border clashes between India and Pakistan led to “hundreds and hundreds of cancelations,” Elbers said in a post-earnings media call.

India has blamed Islamabad for the attack, which the latter has denied.

Shortly after, an Air India plane crashed in Ahmedabad and killed 260 people in June, spurring flying anxiety among many travelers.

“All in all, that has led ... to (have) some impact on the market,” Elbers said, but added that so far, the second quarter appears to be stabilizing.

Despite the recent slowdown, IndiGo has benefited from rising incomes, sustained post-pandemic domestic travel demand, along with continued fleet and network expansion.

Still, the company posted a lower quarterly profit, bogged down by ballooning foreign exchange losses.

Its yield — the average money earned from a passenger for every kilometer traveled — fell 5%.

The airline’s first-quarter capacity — measured in available seat kilometers — grew 16.4% on-year.

The firm had projected a “mid-teens percentage range” growth in May.


Afghanistan says it thwarted Pakistani airstrike on Bagram Air Base as fighting enters fourth day

Updated 01 March 2026
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Afghanistan says it thwarted Pakistani airstrike on Bagram Air Base as fighting enters fourth day

  • The fighting has been the most severe between the neighbors for years
  • Pakistan accuses Taliban government of harboring militant groups that stage attacks against it

KABUL: Afghanistan thwarted attempted airstrikes on Bagram Air Base, the former US military base north of Kabul, authorities said Sunday, while cross-border fighting between Pakistan and Afghanistan stretched into a fourth day.
The fighting has been the most severe between the neighbors for years, with Pakistan declaring that it’s in “open war” with Afghanistan.
The conflict has alarmed the international community, particularly as the area is one where other militant organizations, including Al-Qaeda and the Daesh group, still have a presence and have been trying to resurface.
Pakistan accuses Afghanistan’s Taliban government of harboring militant groups that stage attacks against it and also of allying with its archrival India.
Border clashes in October killed dozens of soldiers, civilians and suspected militants until a Qatari-mediated ceasefire ended the intense fighting. But several rounds of peace talks in Turkiye in November failed to produce a lasting agreement, and the two sides have occasionally traded fire since then.
On Sunday, the police headquarters of Parwan province, where Bagram is located, said in a statement that several Pakistani military jets had entered Afghan airspace “and attempted to bomb Bagram Air Base” at around 5 a.m.
The statement said Afghan forces responded with “anti-aircraft and missile defense systems” and had managed to thwart the attack.
There was no immediate response from Pakistan’s military or government regarding Kabul’s claim of attempted airstrikes on Bagram or the ongoing fighting.
Bagram was the United States’ largest military base in Afghanistan. It was taken over by the Taliban as they swept across the country and took control in the wake of the chaotic US withdrawal from the country in 2021. Last year, US President Donald Trump suggested he wanted to reestablish a US presence at the base.
The current fighting began when Afghanistan launched a broad cross-border attack on Thursday night, saying it was in retaliation for Pakistani airstrikes the previous Sunday.
Pakistan had said its airstrike had targeted the outlawed Pakistani Taliban, also known as Tehreek-e-Taliban Pakistan, or TTP. Afghanistan had said only civilians were killed.
The TTP militant group, which is separate but closely allied with Afghanistan’s ruling Taliban, operates inside Pakistan, where it has been blamed for hundreds of deaths in bombings and other attacks over the years.
Pakistan accuses Afghanistan’s Taliban government of providing a safe haven within Afghanistan for the TTP, an accusation that Afghanistan denies.
After Thursday’s Afghan attack, Pakistani Defense Minister Khawaja Mohammad Asif declared that “our patience has now run out. Now it is open war between us.”
In the ongoing fighting, each side claims to have killed hundreds of the other side’s forces — and both governments put their own casualties at drastically lower numbers.
Two Pakistani security officials said that Pakistani ground forces were still in control on Sunday of a key Afghan post and a 32-square-kilometer area in the southern Zhob sector near Kandahar province, after having seized it during fighting Friday. The captured post and surrounding area remain under Pakistani control, they added. The officials spoke on condition of anonymity, because they weren’t authorized to speak publicly.
In Kabul, the Afghan government rejected Pakistan’s claims. Deputy government spokesman Hamdullah Fitrat called the reports “baseless.”
Afghan officials said that fighting had continued overnight and into Sunday in the border areas.
The police command spokesman for Nangarhar province, Said Tayyeb Hammad, said that anti-aircraft missiles were used from the provincial capital, Jalalabad, and surrounding areas on Pakistani fighter jets flying overhead Sunday morning.
Defense Ministry spokesman Enayatulah Khowarazmi said that Afghan forces had launched counterattacks with snipers across the border from Nangarhar, Paktia, Khost and Kandahar provinces overnight. He said that two Pakistani drones had been shot down and dozens of Pakistani soldiers had been killed.
Fitrat said that Pakistani drone attacks hit civilian homes in Nangarhar province late Saturday, killing a woman and a child, while mortar fire killed another civilian when it hit a home in Paktia province.
There was no immediate response to the claims from Pakistani officials.